Marshall Wace North America L.P. bought a new position in shares of DRDGOLD Limited (NYSE:DRD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,808 shares of the basic materials company’s stock, valued at approximately $101,000. Marshall Wace North America L.P. owned 0.08% of DRDGOLD Limited as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the business. Goldman Sachs Group Inc. raised its holdings in shares of DRDGOLD Limited by 414.1% during the first quarter. Goldman Sachs Group Inc. now owns 81,493 shares of the basic materials company’s stock worth $400,000 after purchasing an additional 65,641 shares during the period. Wells Fargo & Company MN raised its holdings in shares of DRDGOLD Limited by 330.6% during the first quarter. Wells Fargo & Company MN now owns 293,066 shares of the basic materials company’s stock worth $1,439,000 after purchasing an additional 225,007 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of DRDGOLD Limited by 32.5% during the first quarter. Van ECK Associates Corp now owns 7,563,368 shares of the basic materials company’s stock worth $37,136,000 after purchasing an additional 1,855,278 shares during the period. 20.00% of the stock is currently owned by institutional investors.
Shares of DRDGOLD Limited (NYSE DRD) opened at 3.96 on Friday. DRDGOLD Limited has a one year low of $2.84 and a one year high of $6.67. The firm’s 50 day moving average is $3.42 and its 200-day moving average is $3.81. The firm has a market capitalization of $167.14 million, a PE ratio of 47.71 and a beta of -1.95.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a $0.0389 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 annualized dividend and a yield of 3.93%.
DRDGOLD Limited Profile
DRDGOLD Limited is a gold mining company. The Company is engaged in gold production by tailings retreatment. The Company is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The Company owns approximately 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO).
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